GBPINR - Ways2Capital

GBPINR trading range for the day is 89.09-90.23.

GBP recovered all of its losses as the Bank of England left interest rates on hold and left the door open for an August rate hike.

The Bank of England kept rates on hold but its chief economist unexpectedly joined the minority of policymakers calling for a rate rise now.

Bank of England said it would reinvest 2.9 billion pounds ($3.83 billion) from a maturing gilt owned as part of its quantitative easing programme.

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